The Business of Magazines | Page 204 | the Fashion Spot

The Business of Magazines

How do you become editor of a Vogue, and be too lazy or stupid to write a monthly letter??
She deserves all of the ridicule coming her way.
Conde Nast should feel embarrassed too.
 
As Nigerian Fashion Booms, Women Lead Its Coverage

Spurred by the leadership of entrepreneurial women and Nigeria’s cultural cachet around Africa and the world, the country’s fashion magazine industry has found a receptive audience.

By Adenike Olanrewaju
Nov. 4, 2018

It’s not easy running a fashion magazine in Nigeria.

Printing presses are few, and high-quality paper stock is hard to find. In Lagos, the country’s largest city and the hub of its fashion industry, consistent electricity is an issue, with power going in and out throughout the day. And there is no formal distribution network, beyond selling the publications in a select few chain outlets or at major airports.

Many magazines rely on street vendors to sell single issues to commuters stuck in the notoriously slow Lagos traffic along thoroughfares like Obafemi Awolowo Way in the city’s Ikeja section. The transactions are clumsy: Customers quickly throw money out their car windows before traffic picks up and they move on.

Beyond all the logistical hurdles, roughly 87 million people in Nigeria — out of a population of around 200 million — live below the poverty line. But thanks to industries like oil, the country is also awash in wealth and opulence, and luxury brands are eager to establish firmer footholds there.

So the Nigerian fashion magazine industry has found a receptive young readership. People turn to the publications looking for the latest news about movie stars, Afrobeats artists, fashion models, social media personalities and African reality TV figures, along with events like Fashion Week in Lagos last month.

Wizkid, Tiwa Savage and Davido have made Afrobeats, a musical style influenced by Caribbean, hip-hop, electronic and highlife music, popular worldwide. And Nollywood, as the Nigerian film industry is known, generates close to $700 million a year.


Nigerian designers have gained international recognition with a style sense that is inherently cultural. Amaka Osakwe’s women’s wear line Maki Oh has dressed boldface names like Michelle Obama, Lupita Nyong’o and the Nollywood star Genevieve Nnaji using adire, a distinctive hand-woven dyed cloth from southwest Nigeria. On her Instagram page, the Nigerian-born author Chimamanda Ngozi Adichie showcases photos of herself in colorful, eye-grabbing outfits, along with the hashtag #MadeinNigeria. Another influential designer, Duro Olowu, who has dressed notable figures like Solange Knowles and Mrs. Obama, was born in Lagos and often posts inspiration from his home country on Instagram.

“In Lagos, the average girl on the street is wearing leopard print leggings, a red top and a big turban and she just doesn’t care,” said Bolaji Animashaun, founder of The Style HQ, a Lagos-based fashion and lifestyle website. “Our fashion is not soft. There’s something in us that is always fighting, and it comes through in our style.”

Here are four entrepreneurial women, ranging in age from 28 to 61, who are leading publications both new and old to capture this cultural milieu. In doing so, they are serving a wide audience throughout the African continent and within diasporic enclaves in the United States and Britain and telling the story of Nigeria to the world.

Genevieve in 2003, advertisers paid little mind to women’s magazines.

“The Guardian, Punch, Vanguard,” Mrs. Irabor said, referring to the publications that drew ad dollars. “It was very business- and hard news-focused, and very little money was dedicated to lifestyle and fashion pages.”

And so, as a member of Lagos’s elite — Mrs. Irabor, 61, has been married to the media personality Soni Irabor for 35 years — she leveraged her personal contacts with advertisers to secure funding. Even those who agreed thought Genevieve would be short-lived. “Magazines here come and go every day,” she said.

Fifteen years later, the publication is one of Nigeria’s leading women’s magazines and has a staff of 14 working from its headquarters in Lagos’s Lekki neighborhood. It publishes 10 issues a year, retailing for 1,000 naira, or about $2.80. The covers are glitzy and celebrity-driven: Its July/August edition featured the Nigerian actress Adesua Etomi, who starred in the Nollywood hit “The Wedding Party,” and the film veteran Joke Silva graced September’s cover. As publisher, Mrs. Irabor has become a celebrity of sorts herself; she was recently part of a Lancôme ad campaign.

The magazine has placed an emphasis on its digital operations, the better to serve an increasingly younger audience that wants round-the-clock coverage of celebrity news. And it is a family affair. Mrs. Irabor’s daughter, Sonia, 28, is an editor at the magazine, helping her mother stay abreast of what topics will appeal to young, cosmopolitan Nigerian professionals. Sonia’s confirmation name is also what gave the publication its title.

Today’s Woman, a lifestyle and news magazine that publishes 10 times a year. Today’s Woman has also developed an app that costs 500 naira a month, or about $1.40. The app allows the magazine’s online audience of 200,000-plus readers to share content with one another.

Instead of featuring celebrities, its covers usually highlight topics many in Nigeria still consider taboo; articles like “Drug Abuse Is Closer Than You Think” and “Say No to Domestic Violence.”

“No one was really addressing these problems,” she said. “Beyond the fashion, we’re insistent on addressing things that should matter.”

Ms. Onyenokwe remains committed to the magazine, but her plans for living a more relaxed lifestyle seem laughable now.

“My kids all say that I work harder than I’ve ever worked before,” she said. “But I believe in the importance of shining a light on important issues and just telling the story.”

Exquisite Magazine, a lifestyle publication based in Lagos, Tewa Onasanya said she wanted to reveal the richness of homegrown African culture.

Ms. Onasanya, 40, a British-Nigerian, started the magazine in 2003 when, she said, the rest of the world looked to African diasporic enclaves in the United States and in Britain for inspiration. Now, people are able to find fashion inspiration directly from the continent, she said. She mentioned how gratifying it was to see Wizkid — best known to American audiences for his appearance in the Drake song “One Dance” — walking in a recent Dolce & Gabbana show and to hear how the sounds she grew up with are now considered mainstream.

“Nowadays, you hear Afrobeats in the clubs and you say to yourself, ‘Yes, we’re here,’” she said.

“Before, our culture existed in pockets abroad — in the U.K., in the United States,” she added. “But now everyone is starting to look to our talents here at home. Africa is having a moment.”

Exquisite covers fashion and celebrity news for an audience of primarily middle-income and affluent women in Nigeria. Its quarterly print publication has a circulation of about 10,000, but its website has 152,000 subscribers and gets about a million visits each week. It is also distributed through an email newsletter and the message platform WhatsApp, which is used widely in Africa.

When the supermodel Naomi Campbell arrived in Nigeria this year and expressed a desire to see Vogue magazine begin an African edition, Ms. Onasanya — like many others in the Nigerian fashion community — disagreed.

“I am a Vogue fan,” she said. “But starting a Vogue Africa seems a bit unnecessary, almost like reinventing the wheel. We have Lagos Fashion Week now; we have a thriving community of local designers and models, all with their ears to the street, so we’re not lacking in content.”

The magazine has a team of 11 and now has its own awards event: ELOY — Exquisite Ladies of the Year, which honors African women. It also holds two fund-raising walks to raise awareness for cervical cancer, a disease that kills one women every hour in Nigeria.

“Finally, people — ourselves included — are realizing our value and how important showing Africa’s talents to the world is,” she said. “I can’t wait to see what’s next.”

NYtimes.com
 
^Interesting article and explained a lot of things to me. When I look at this Exquisite magazine, they need a Vogue no matter what they will say to me though. The quality seems quite weak and reminded me of these French magazines Amina or Femme Africaine.
 
^Interesting article and explained a lot of things to me. When I look at this Exquisite magazine, they need a Vogue no matter what they will say to me though. The quality seems quite weak and reminded me of these French magazines Amina or Femme Africaine.

That editor towards the end got it wrong. It's not that Vogue will come steaming in with foreign concepts and ideals The native team are supposed to make it their own and curate content which speak to locals while still using the magazine as a platform to show the rest of the world what creativity looks like in Nigeria.
 
there seems to be a director job opening at british vogue :innocent:
 
That editor towards the end got it wrong. It's not that Vogue will come steaming in with foreign concepts and ideals The native team are supposed to make it their own and curate content which speak to locals while still using the magazine as a platform to show the rest of the world what creativity looks like in Nigeria.

Not every Vogue goes for that (look at Vogue Portugal). I understand their fear. Conde Nast sure isn't known to be socially aware.
 
L’Officiel Is Bringing Cryptocurrency to Fashion Media
Kali Hays
5-6 minutes
Virtual currency may not be replacing cash anytime soon, but if L’Officiel’s chief executive officer has any say, it will be a major new selling point for magazines working with brand advertisers.

Benjamin Eymere, who is part of the Jalou family that has owned the independent French magazine since the Fifties and became ceo a few years ago, has spent more than a year developing a virtual currency and a blockchain-backed platform that essentially creates a closed system of value and spending between L’Officiel, its advertisers and consumers.

Dubbed La Liste, the enterprise revolves around “Taste Tokens,” $100 million worth of which will be distributed to 500,000 people — two groups of recipients are now being selected based on status and income and a third group will be made up of readers who agree to answer a brand survey for $50 worth of Taste Tokens per question. Going forward, more tokens will be distributed based on how much time readers spend on the site engaging with content and, the trade is that L’Officiel will have a trove of spending data to analyze.

“We’ve created a virtual system and our visual system consists of rewarding people for their data,” Eymere said from his office in Paris.

But the idea for Taste Tokens didn’t hit him out of nowhere. Eymere has been interested in blockchain technology and Bitcoin for a few years and even harbors the notion that one’s “digital identity” is becoming more important than physical identity. He was at a conference about two years ago when a speaker talking about virtual currency, once a fringe idea in the tech community that’s hit the mainstream recently, said, “Cash is for losers because the problem with cash is that you can never decide how people are going to use it.”

Eymere thought it was “crazy” at the time, but as he started to notice problems in his industry of fashion media — like editors being sent things from brands they have no interest in and give away or sell, brands not having any real idea of what consumers or potential consumers are interested in buying and consumers being subjected to advertising and having their data stored with no payoff — he came around.

“When I go on the New York Times site, I pay to read an article, but I’m also subject to advertising so as a user it’s a bit strange because it seems like [the Times is] getting paid twice and also getting paid for my attention,” Eymere said.

He was also directly inspired by Basic Attention Token, which is part of a search engine founded by web entrepreneur Brendan Eich that rewards people who turn off their ad blocker. But Eymere wants to reward people for “their sophisticated attention,” not just attention period.

With La Liste, he’s hoping that he’s created something that all parties benefit from in a way that suits them. L’Officiel incentivizes readers and advertisers; advertisers have at least a guarantee that they’ll get deeper insights into consumer preferences and habits, if not a boost in product sales; consumers get to turn their data and clicks into online purchases. In practical terms, the Taste Tokens will be made part of L’Officiel’s advertising packages, so brands can choose to convert 10 percent of their ad spend into the virtual currency and make available chosen products — Dior is staring off with some jewelry, Chanel with perfume, Michael Kors with bags. And the brands will be handling all of the logistics. L’Officiel is the facilitator and Eymere, unlike a lot of other publishers, sees no benefit to becoming a de facto retailer. “The brands do it much better and it’s not the role of the media, frankly.”

There are also tiers of people getting Taste Tokens: a high-end group of celebrities, influential people and professional influencers, as well as bankers and members of the c-suite will be gifted between $50,000 and $100,000 worth of tokens. A second group of high-up fashion industry folk will be gifted between $20,000 and $50,000 in tokens and then readers who share their data and answer a survey will get the rest up to around $2,500 in tokens each.

The system could also function as a workaround of sorts for the stricter rules and guidelines around celebrities and influencers making sure products they’re being paid to promote are labeled as advertisements in some way. If an influencer gets paid in Taste Tokens and chooses items from a brand, technically that’s a purchase and wouldn’t need to be disclosed as anything but.

The whole enterprise seems like something every major fashion publisher would be eager to try, and Eymere doesn’t seem to mind the idea that his media currency would be copied, even though he sees it as too complex for a Hearst, Condé Nast or Facebook to put in place.

“For me, I think entrepreneurship is fluid,” Eymere said. “If you’re the first to change people’s minds, you’ve changed it forever. It doesn’t matter if you own it when you’re part of the system.”

L’Officiel Is Bringing Cryptocurrency to Fashion Media
 
Condé Nast veteran is finally a free agent
By Keith J. Kelly

Kim Kelleher is finally a free agent.

The Condé Nast veteran was realigned out of her job as chief business officer in the recent changes. But sources said Condé was trying to convince the veteran of the print and digital world to take another job and stay with the struggling publisher as it attempts a turnaround.

The company reportedly lost $120 million in 2017, and sources say it’s still losing about $60 million in 2018.

Kelleher has not been seen inside the building for two weeks, after her second career stint at Condé ended.

One insider said Kelleher was being sized up for a job involved in digital transformation of print products, but talks broke down. Kelleher could not be reached.

https://nypost.com/2018/11/08/conde-nast-veteran-is-finally-a-free-agent/

upload_2018-11-9_0-36-4.gif
 
More Hearst staffers jump ship after Joanna Coles exit
Keith J. Kelly

Two more key Joanna Coles loyalists are exiting Hearst — and at least one of them is jumping straight into the arms of Anna Wintour over at Condé Nast.

Sergio Kletnoy, the director of entertainment for Hearst — who’s responsible for wrangling cover stars for Harper’s Bazaar, Elle and others — is jumping to Condé, where he will be doing the same for Vogue and other titles.

Also exiting is his boss, Holly Whidden, who was the vice president of the entertainment & talent hub and brand development. The beauty hub is also said to be getting dismantled, but its director, Leah Wyar, is still at the company. Whidden could not be reached for comment. A Condé insider confirmed Kletnoy’s pending move. Wyar did not return a call seeking comment.

https://nypost.com/2018/11/08/more-hearst-staffers-jump-ship-after-joanna-coles-exit/
 
OF COURSE Edward had a party for his first year of EIC.
OF COURSE everyone instagrammed to say how amazing he is and happy one year anniversary.
Hashtag New Vogue.

Interesting there are also sponsored posts on instagram promoting the issue.
 
sad news :( especially given the scarcity of African editions of international magazines.
 
15 years is a decent run, but my aunt lives in Cape Town and I know for a fact that there was an edition of Marie Claire prior to 2003, in the mid-late 90s. Used to read it as a teen while on holiday there. It had mostly reprints, but with some native edits and features. Memorable covers include Kylie Bax, Chandra North, Georgina Grenville, and Laetitia Casta. Only discovered much later that these were originally reprinted covers, lol.
 

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